Home » MARKET OUTLOOK FOR 2020 2020 年市场展望
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Slides:
- Intro
- Disclaimer
- The Macro View Big Picture
- Global macro outlook has become more uncertain
- Downside risks to global growth
- IMF lowered growth forecast again in October
- Central banks to the rescue?
- Prelim data for October suggest little scope for any uplift…
- … although recent G10 macro data were "less bad" than expected
- US: Weaker growth momentum, but…
- US labor market conditions still resilient…
- …although US jobs growth is slowing
- Risks of US recession over the next 1 year has risen
- China celebrated the 70th anniversary of founding of PRC against uncertain macro backdrop
- Chinese policy planners have calibrated fiscal policy
- … and monetary policy to support the economy
- US-China trade fight "on pause" for now?
- Risk of recession receded on expectations of the interim trade deal
- Eurozone: Growth remains muted amid ongoing manufacturing woes
- Eurozone: Labour market conditions remain supportive (for now!)
- Inflation pressure remains a non-issue despite firm labour market conditions
- Inflation pressure remains a non-issue despite firm labour market conditions… cont'd
- Closer to home… ASEAN manufacturing conditions remain weak
- Will 2020 to be a better year for global economy?
- US new orders a useful leading indicator of Asian export performance
- Will there be a tech-led export recovery?
- Tech-led export recovery?... Cont'd
- Tech-led export recovery?... Cont'd
- Tech-led export recovery?... Cont'd
- Market Outlook
- Global equities holding up better than expected despite growth concerns
- Singapore equities: Staying active works!
- Investment Strategy
- Investment Strategy… cont'd
- Thank you
